Name the error which was made under the following circumstances: during the accounting period the bookkeeper overestimated the sales account by N$200 and overestimated the purchases account by N$200. a. Principle error O b. Error of complete reversal O c. Compensating error O d. Commission error

Name the error which was made under the following circumstances: during the accounting period the bookkeeper overestimated the sales account by N$200 and overestimated the purchases account by N$200. a. Principle error O b. Error of complete reversal O c. Compensating error O d. Commission error

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 72E

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Name the error which was made under the following circumstances: The business returned goods of N$1000 to the supplier and the bookkeeper did not at all record the transaction in the books of account. a. Compensating error b. Error of ommisionn O c. Error of omission O d. Error of oommission
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Urgent need.
making currect answer. attched files
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